Answer to Question #224690 in Economics for Bea

Question

Output (units) Total cost (R)

0 100

1 110

2 130

3 166

4 220

5 300

The average variable cost of the third unit is  

 

Answer 1

TC=FC+VC

$$AVC=\frac{VC}{Q}=\frac{66}{3}=22$$